Ukraine needs more than long-range missiles and fibre-optic drones in its fight with Russia. In particular, the war-torn nation should be handed the €300bn (£250bn) of frozen Russian assets stored mostly in accounts hosted by the Euroclear trading system. One analyst said: “Europe needs to move quickly to take advantage of growing disillusionment in the US economy”. The interest generated by Russia’s frozen assets is given to Ukraine, and Belgium hands its shareholder dividend payments to the Volodymyr Zelenskyy war effort. And earlier this month Euroclear said it plans to seize and redistribute about €3bn of Russia’s funds after Moscow last year grabbed investor cash of the same value.

Source: The Guardian May 31, 2025 19:31 UTC